In mid 2011 or so checklist34 said he would buy me a Ferrari should the index be close to my trend line in a few years. Later on he thought about tying the Ferrari to the performance of his at the time largest position RJET but I think we concluded that my little green line would be a better judge on whether my "advice" was "deserving" (I had nothing to do with his preference for RJET). I think I should check the parking lots outside my apartment every now and then for the presence of a Ferrari with a gift ribbon :)

I have put my money where my mouth is with the a large stake in real life at $6.50, I added slightly to that stake in the $8's recently. This rec on CAPs is from a higher PPS which is too bad, but I still think that in the fullness of time this pick will be a big winner.

I would say that this set of trendlines stops working at around tick 319. After that, the green trendline stops looking like a moving average and starts looking very much like an upside resistance level.

I would say that this set of trendlines stops working at around tick 319. After that, the green trendline stops looking like a moving average and starts looking very much like an upside resistance level.

#12 That depends on how much time and money you want to invest. Most individual stocks should not be held for more than a few months probably, at least not without closely following the "news flow", so to get started it is always easiest to buy an ETF or two, maybe IBB, which is the most established/liquid, and BBH, which did better recently, see the chart in comment #11.

#13 He means trading day #319, where trading day #0 is March 9, 2009 and a year has around 252 trading days, so #319 is about where the summer 2010 mini crash started. I am confident that the S&P 500 index will spend some time above the upper limit of the trend channel in the not so distant future and that the spring/summer 2009/2010/2011/2012 drops below the trend channel will look just like small "dips" and great buying opportunities ...